{
    "fund_name": "Leverage Shares 3x Long Coinbase (COIN) ETP",
    "type": "ETP",
    "ucits": false,
    "replication_method": "physical",
    "leverage": true,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": [
        "Leverage (3x)",
        "High risk profile (Class 7)",
        "Daily rebalancing compounding effect",
        "Short-term holding recommendation"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex under MiFID II due to several key factors: 1) 3x leverage which amplifies both gains and losses, 2) daily rebalancing that creates compounding effects making long-term returns unpredictable, 3) high risk classification (Class 7), 4) recommendation for 1-day holding periods only, and 5) the product's structure which requires sophisticated understanding of leveraged products. While it uses physical replication of the underlying asset (COIN stock), the leveraged nature and daily rebalancing mechanisms introduce significant complexity that makes it unsuitable for retail investors without specialized knowledge. The PRIIPs KID explicitly warns that the product is only suitable for sophisticated traders who can monitor positions intraday, further supporting the complex classification.",
    "confidence": 95
}